unicornbird

unicornbird | Joined since 2021-05-16

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Stock

1 month ago | Report Abuse

messi, can advise where to see the amount traded for commodity & derivatives?
Is it under Main market here?
https://www.bursamalaysia.com/misc/missftp/securities/securities_equities_2024-01-03.pdf?t=1704369320

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1 month ago | Report Abuse

Good info obs, now I learn that overdue is 90 days. Will study more on it
Is insurance industry also Heavily regulated by Bank negara? similar to the banks

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1 month ago | Report Abuse

obs, is there another metrics that measure total provision / total loan?
this way, we can compare how well each bank cover their potential losses

else, one can look good by picking very little bad debt. then make the LLC look very good
eg, by lowering potential bad debt to $1m, $3m provision is enough to have 300% LLC

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1 month ago | Report Abuse

Is Heineken better than Carlsberg? from the dividend growth rate past 10 years, heineken seems to be much better

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1 month ago | Report Abuse

but if a bank set over 100% LLC, isn't it redundant?
because not all loans will default.

so RHB's 75% sounds reasonable & quite conservative.
it has enough funds to cover loss if 75% of it's loan go bad. That's a huge amount

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1 month ago | Report Abuse

Thanks obs, i see the problem now. RHB has less provision for bad debt, results in higher quarterly earning.
so they may not be doing so well as reported, is that correct?

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2 months ago | Report Abuse

if the market condition improves, is it ok for bank to set aside less to cover for defaults?

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2 months ago | Report Abuse

obs, is this a serious concern?
Loan loss coverage (LLC) has declined from 109% (1Q23), to 83% (2Q23), to the latest 75% (3Q23), lower than pre-pandemic level

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2 months ago | Report Abuse

ooi, thanks for the good info
do you know how UP prevent theft from worker or outsider from stealing the fruit?
it's a common problem that a lot of fruit will be lost & result in poor yield per hectare

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2 months ago | Report Abuse

ooi, do you have the headcount ratio of UP vs other small plantation?
eg, how many people per acre. the cost of production for UP is unrealistically low

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2 months ago | Report Abuse

anyone knows why the Cost of Production for UP is so low?
Palm oil per metric ton is only RM 1,656

I see the annual report here (page 215)
https://unitedplantations.com/wp-content/uploads/2023/02/UP_Annual_Report_2022.pdf

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2 months ago | Report Abuse

blackdiamond, any idea why there's no dividend this quarter? last year there was dividend

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2023-08-13 08:18 | Report Abuse

insurance ability to grow depends on gov regulation, which is highly linked with geo politics. Good thing is Allianz is German based, strongest country in EU. hence more bargaining power
If EU continue to weaken due to Ukraine conflicts, it may weaken EU's bargaining power in the region. Hence evergreen or not, depends whether EU can stay evergreen

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2023-08-09 19:31 | Report Abuse

wsb, apart from low liquidity for ICPS & no voting rights, what other con does ICPS has?

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2023-08-03 08:24 | Report Abuse

Good to see Berkshire coming in.
Prudential Sg also moved their actuary to KL. it will create a lot of high pay jobs

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2023-08-03 08:22 | Report Abuse

Looks like insurance is a tax paid to developed country?
for ILP, the real benefit to local population is negligible, since most will not complete the contract.

I see Prudential has the largest share. Will BNM cut the share from UK, if EU increase investment in Malaysia?
Is there a way BNM can control insurer's market share? eg, limit the agents insurer can hire, etc

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2023-08-02 18:40 | Report Abuse

Allianz has a lot of growth potential, since Prudential is 7x larger

Strange that gov allows such important market to be almost fully taken by outsiders?
Etiqa & HLA are the only local brand, with about 20% market share
this will cause serious $ outflow, when these company repatriate earnings back to their home

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2023-08-02 16:04 | Report Abuse

Got it on BNM's rule & competition forces them to be gentle on penalty
Looks like Allianz is very heavy on ILP, it's 16x of AmMetlife

I like ILP as a shareholder, because it's free money, sure win game
Has Allianz got the largest share of ILP?

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2023-08-02 12:17 | Report Abuse

Shouldn't insurer apply heavier penalty?
to ensure they win, even if policyholder cancel in first 2 years.

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2023-08-02 12:16 | Report Abuse

thanks for the insights, please help to check my understanding

Insurer Loss -- If policyholder cancel policy in first 2 years. Due to commission paid to agents, & other fixed cost
Insurer Win -- If policyholder cancel policy after 6 years?

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2023-08-02 09:26 | Report Abuse

wsb good info. I guess when the agent sell the policy, they will always mention the best case scenario. thus creating the mismatch in expectation

Do you have the estimated number of policy holder, who hold life policy till maturity?
I think probably half of policy are dropped due to various issues
this is good for shareholders, as early redemption penalize heavily on policy holder. thus giving us free money

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2023-08-01 18:02 | Report Abuse

wsb, if they are so heavily regulated, why they are allowed to sell Life policy?
life policy always give unrealistic projection for future earning. In most cases, it cannot be achieved
that's why a lot of people have negative impression of insurer

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2023-08-01 08:29 | Report Abuse

wsb, could you please share if insurance industry is heavily regulated like the banks?
who is regulating them?

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2023-07-21 08:11 | Report Abuse

obs, wsb, thanks for sharing the new accounting standard, that caused the quarter revenue to drop
Now I see the reason for sharp drop. I am looking to increase stake in Allianz, now going to spend more time studying them

Appreciate if you could share some detailed analyst report

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2023-07-18 19:13 | Report Abuse

what is the conversion price to convert the ICPS to common share?

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2023-07-18 19:09 | Report Abuse

obs do you think Petgas is worth keeping? the growth looks very poor compared to Allianz

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2023-07-18 19:07 | Report Abuse

wbs, obs, can share why the recent quarter, the revenue fall so sharply to 1,161,374
and yet the net profit increase by so much?

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2023-07-15 14:52 | Report Abuse

this is bad news. I haven't buy enough. looks like foreign funds are coming in

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2023-07-13 12:34 | Report Abuse

yes i just caught covid for 4th time, so there probably be 1 more mutation that trigger another lockdown
then my dream will come true

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2023-07-13 10:16 | Report Abuse

I prefer it to go $4

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2023-07-12 13:23 | Report Abuse

many Bursa shares are very cheap now. good time to collect
some even cheaper than pre-covid price.
If Fed raise rate again, more discount coming. stay tuned

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2023-07-11 09:29 | Report Abuse

prudent why waste so much energy to prop up the share price
you should let it fall & collect more

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2023-06-21 11:06 | Report Abuse

anyone can share analyst report for Pchem? looks like a bargain now. But not familiar with this business

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2023-06-19 17:48 | Report Abuse

prudent, ask people to sell. I want to buy cheap

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2023-06-19 17:47 | Report Abuse

what's the break even price of CPO, for UP?
the min price required for UP to profit

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2023-06-16 11:22 | Report Abuse

can they remove heineken? if that happens, malaysia company can be barred from trading with europe as well
and foreigns assets confiscated like russia

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2023-06-15 07:56 | Report Abuse

dividend is too low & poor growth rate. that's why price drop
people rather keep in FD

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2023-06-13 14:06 | Report Abuse

Wait for Fed to raise interest rate this week. PBB may fall again, as the yield is quite low

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2023-06-13 08:05 | Report Abuse

PBB's recent performance is not better than Maybank & RHB, but people are paying a premium for it.

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2023-06-13 08:04 | Report Abuse

obs, are people still paying Public bank high price, because they are stuck with the old idea that it has high ROE of 20% ?

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2023-06-10 12:18 | Report Abuse

is PAS backed by china? it's like Chinese asking Pas not to let Chinese control politics

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2023-06-10 12:16 | Report Abuse

i3, we always hear people say EPF running low in money. Looks like those are fake news, if the funds are still growing?
but will foreign funds buy maybank, as the dividend is too high?

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2023-06-09 08:52 | Report Abuse

prudent, is the gov purposely keep Maybank shares cheap? so everyone can own some
the share price has been flat for almost 10 years. they keep issue new shares to dilute existing holders

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2023-06-09 08:50 | Report Abuse

For AIA it's like a trade agreement. US invest so much in Penang, in return, Malaysia may offer them perks like full ownership of insurance company. But British Prudential may get hit, as their investment in Malaysia is much lesser. Unless Jardine, Rolls royce & GSK enter

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2023-06-08 17:34 | Report Abuse

prudent, at $5.30 it's the same price as 5 years ago. If factor into inflation & retained earnings, it's like super cheap?
the price is cheap until i a bit scared to buy more.

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2023-06-08 14:51 | Report Abuse

James, there are only 2 chinese bank left. Do you think it's safe from being swallowed up? I am keen to buy pbb, but worried about future

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2023-06-08 09:17 | Report Abuse

obs, ignore the technical analysis. it's like predicting woman's emotion. there's no formula

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2023-06-08 08:22 | Report Abuse

obs, good point. feels like they deliberate try to hide their earnings. because no company has done it like this.
and the funny thing is i3 website, with insufficient data, also failed to publish accurate yearly earnings for them

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2023-06-07 19:50 | Report Abuse

wsb, do you think Allianz can continue to grow together with economy?
or does it has to compete & eat into market share of the large competitors like AIA & Prudential